Teekay Corp earns $69.5M, driven by record tanker market surge

Teekay Corporation reported a U.S. GAAP net income of $69.5 million for the second quarter of 2026.

Earnings reached $0.79 per share.

Subsidiary Teekay Tankers achieved its highest-ever quarterly adjusted net income.

Suezmax vessels averaged spot rates of $109,200 per day.

Aframax/LR2 tankers averaged $74,100 per day.

Geopolitical disruptions increased tanker demand and created trading inefficiencies.

Management expects market strength to continue into the third quarter.